Get Policy Statement 103 Application New York

Completing the Policy Statement 103 Application online is a crucial step for governmental issuers seeking exemption from certain filing requirements under New York's General Business Law. This guide provides clear, step-by-step instructions to help you successfully navigate the application process.

Follow the steps to fill out the Policy Statement 103 Application online.

1. Press the ‘Get Form’ button to access the application form and open it in your chosen editor.
2. Attach a cover sheet titled 'Policy Statement 103 Application' at the top of your application. Ensure that all information is typed flush left in the specified order: issue name, offering amount, responsible person’s name and address, contact person’s name and telephone number, principals, and closing date.
3. In the application body, provide an affidavit or verified petition signed before a notary by a principal of the issuer knowledgeable of the contents. Include the issuer's legal name, address, and business purpose.
4. List the full names and titles of all key personnel associated with the issuing entity, confirming there are no other controlling persons.
5. Describe the nature of the security and how it complies with the definitions outlined in GBL §359-f(1)(a).
6. State the purpose of the offering, the total dollar amount, and specify the number of units and classes of securities, including any optional units or shares.
7. Indicate whether securities are sold through a registered broker-dealer, and if yes, explain the selling basis, providing the broker-dealer's name.
8. If applying before closing, attach a preliminary copy of the proposed offering literature and commit to filing final materials within ten days post-closing. If applying within ten days after closing, confirm the closing date and attach final offering materials.
9. Include an undertaking to file two copies of all amendments or supplemental materials with the Attorney General.
10. Conclude the application with a request for exemption under General Business Law §359-f (1) (a) and §359-f (2) (c).
11. Submit the completed application along with a $300 check payable to the New York State Department of Law to the Real Estate Finance Bureau. Ensure all relevant exhibits and offering materials are included.

Start your online filing for the Policy Statement 103 Application today!